5N Plus (TSE:VNP) Reaches New 12-Month High – What’s Next?

Shares of 5N Plus Inc. (TSE:VNP) hit a new 52-week high on Thursday . The stock traded as high as C$7.76 and last traded at C$7.76, with a volume of 47733 shares traded. The stock had previously closed at C$7.38.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on VNP shares. Ventum Cap Mkts raised shares of 5N Plus to a “strong-buy” rating in a research note on Wednesday, December 11th. Desjardins boosted their price objective on 5N Plus from C$7.25 to C$8.50 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Raymond James raised their target price on 5N Plus from C$7.50 to C$8.50 in a research report on Friday, September 6th. National Bankshares boosted their price target on 5N Plus from C$8.00 to C$8.50 in a research report on Tuesday, November 5th. Finally, Ventum Financial set a C$10.00 price objective on 5N Plus and gave the company a “buy” rating in a report on Thursday, December 12th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$8.60.

5N Plus Trading Up 4.6 %

The company has a market capitalization of C$686.46 million, a PE ratio of 48.25, a PEG ratio of 6,283.33 and a beta of 1.55. The company has a fifty day simple moving average of C$6.78 and a 200-day simple moving average of C$6.52. The company has a current ratio of 3.47, a quick ratio of 1.51 and a debt-to-equity ratio of 110.23.

Insider Activity at 5N Plus

In other 5N Plus news, Director Jean-Marie Bourassa purchased 9,000 shares of the stock in a transaction dated Friday, November 15th. The stock was acquired at an average cost of C$6.75 per share, for a total transaction of C$60,750.00. 4.91% of the stock is currently owned by insiders.

5N Plus Company Profile

5N Plus Inc produces and sells specialty metals and chemicals in North America, Europe, and Asia. It operates through two segments, Specialty Semiconductors and Performance Materials. The company offers semiconductor compounds, semiconductor wafers, metals, epitaxial semiconductor substrates, and solar cells.